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News on Medial
'Not a priority anymore...': Post on mass layoffs exposes deepening US job outsourcing crisis, triggers debate
Business Today
·
5m ago
Medial
The American job market is experiencing a transformation with companies preferring cheaper overseas hiring due to rising labor costs and strict regulations. A Reddit user's account of surviving layoffs at a major engineering firm has sparked widespread concern, offering insight into the potential future of white-collar jobs in the U.S. This shift reflects a growing trend in outsourcing, raising debates over the future of domestic employment in America.
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'Job security is dead...': Viral post exposes grim future for Big Tech employees as firms slash jobs without rehiring
Business Today
·
5m ago
Medial
Job security in Big Tech is rapidly declining due to overhiring and the increasing integration of AI, making several roles redundant. Globally, the job market has worsened over the past two years, with efficient layoffs by companies like Amazon. Economic uncertainties, automation, and outsourcing are major factors contributing to job cuts, impacting mid-tier roles in regions like Latin America and India. Despite this, India's job market appears relatively more stable than other tech hubs worldwide.
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Bengaluru job crisis: 50,000+ IT layoffs, real estate hit hard
Inshorts
·
5m ago
Medial
Bengaluru faces a major job crisis as AI-driven automation leads to 50,000+ IT layoffs in 2024 alone. The downturn threatens ₹3,000 crore in rental earnings, as PG occupancies drop by 30%. Real estate near tech hubs may see 15-20% depreciation, while AI-driven job cuts extend beyond IT into finance and operations. The crisis could reshape Bengaluru’s economy, forcing rapid adaptation.
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Karnataka IT/ITeS Employees Union seeks action against TCS over job cuts - The Economic Times
Economic Times
·
1m ago
Medial
Karnataka's IT/ITeS Employees Union (KITU) has filed an industrial dispute against Tata Consultancy Services (TCS) for allegedly forcing resignations and initiating mass layoffs, affecting over 12,000 employees. The union accuses TCS of violating the Industrial Disputes Act by not seeking government approval for the job cuts. TCS cites skill mismatches as the reason for layoffs amid macro uncertainties. The central government is examining the issue, seeking justice for affected employees.
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Momo shop earns more: Startup CEO mocks Cognizant's ₹2.5 LPA offer
Inshorts
·
1y ago
Medial
Cognizant's recent job drive offered fresh graduates ₹2.52 lakh per annum, sparking online debate. A Bengaluru startup founder, Amit Misra, taking a dig at Cognizant shared a picture of a momo stall helper job offer offering around ₹3 lakh annually. The post highlighted frustrations over stagnant entry-level IT salary, with many criticising the wage disparity in cities like Bengaluru.
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SaaS founders are grabbing talent amid tech layoffs
Economic Times
·
2y ago
Medial
Despite a funding slowdown, enterprise software and SaaS startups are actively hiring in a competitive job market. Access to talent across engineering, product, sales, and marketing functions has increased. Candidates are prioritizing factors beyond just salary, focusing on long-term sustainability and work environment. Mass layoffs by late-stage startups and legacy tech firms have shifted job seekers' preferences. Kapture CX, after its first fundraise, hired 35% of its 220 employees in the last six months, reflecting changing dynamics.
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Google employees blast ‘profoundly boring’ management which lacks ‘visionary leader’ amid layoffs
Medial
·
1y ago
Medial
Current and former Google employees are expressing their frustrations on LinkedIn regarding the recent round of layoffs at the company. Many are criticizing management for their lack of vision and failure to communicate directly with affected employees. The layoffs have reportedly angered staff, leading to further disapproval of Google's leadership. CEO Sundar Pichai has warned of more job cuts this year, stating that tough choices need to be made to ensure investment in priority areas. Some employees have criticized Google for being a faceless corporation, lacking loyalty and commitment.
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Oracle Layoffs 2025: US & India OCI Teams Cut Amid AI Push
StartupTalky
·
17d ago
Medial
Oracle has laid off about 10% of its Indian workforce as part of a global restructuring effort, reportedly influenced by US policy changes under President Trump to reduce outsourcing. The layoffs primarily affect Oracle Cloud Infrastructure teams in India and the US, with notable cuts in Canada and Mexico as well. Despite job losses, Oracle is heavily investing in AI operations and aggressively hiring in other regions, aligning with a broader tech industry trend prioritizing AI infrastructure.
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Jack Dorsey defends Musk's Twitter leadership, saying the billionaire slashed the 'critical sin' of its business model
Business Insider
·
1y ago
Medial
Twitter co-founder, Jack Dorsey, defended Elon Musk's approach to Twitter, stating that his job cuts and reduction of advertisers were necessary for a shift towards free speech. Dorsey said Twitter's dependence on advertising as its main source of income hindered the platform's ability to maintain its moderation standards. Musk's rebranding of Twitter to X and his endorsement of an antisemitic post caused a significant exodus of advertisers, but Dorsey believes that Musk made the right choice by prioritizing a censorship-free platform and exploring new revenue streams such as subscriptions and commerce. Dorsey also supported Musk's decision to implement mass layoffs, stating that the majority of those affected were in sales.
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AI isn't driving tech layoffs — but it does make a good scapegoat
Business Insider
·
1y ago
Medial
Fears of AI-driven job cuts are on the rise as the use of technology continues to grow. While reports suggest that AI is already impacting the workforce, experts argue that the elimination of jobs is not a direct result of AI but rather driven by other factors like outsourcing or cost-cutting measures. Despite concerns, there is little clear evidence that companies are replacing employees with AI on a large scale. However, the development and investment in AI are leading to restructuring and layoffs in certain areas to focus on AI technology.
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'90% engineers can’t code': Founder says he fires new hires within weeks; Reddit slams hiring process, not coders
Business Today
·
2m ago
Medial
A Reddit post has sparked debate by claiming 90% of Indian engineering graduates can't code, highlighting issues with tech talent and hiring practices. A founder admitted firing new hires frequently, despite significant salary offers, due to a lack of job readiness. Critics argue this reflects flaws in the hiring process, not necessarily the candidates' abilities. The discussion emphasizes the mismatch between fresh hires' expectations and the skills demanded in high-pressure startup environments.
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